Indefiniteness : Contracts

Indefiniteness

Letters of Intent: Beware of the Unintended
David S. Lu of Arter & Hadden LLP

A letter of intent ("LOI") can serve a variety of purposes in any business transaction. However, LOI's can contain pitfalls for the unwary. Too often business people enter into LOI's with the attitude that they are not binding. Before signing an LOI in your haste to "lock in" a deal, beware of all consequencesÃÂlegal and practical.
Top 10 Recommendations for Creating Enforceable Online Agreements
Ralph M. Pais and Amy Melaugh of Fenwick & West LLP

Because the law interpreting the enforceability of online agreements continues to evolve, companies that want to create binding agreements with their online customers still face significant challenges. While the enforceability of an online agreement ultimately depends on the particular circumstances of that transaction, companies seeking to improve the likelihood that their current online agreements will be upheld should consider the following ten recommendations.
The Letter of Intent: Why Business People Love 'Em and Lawyers Hate 'Em
Judith A. Silver of Coollawyer.com

Letters of Intent ("LOI") , also known as Memoranda of Understanding and Memoranda of Agreement, are devices used to signal parties' agreement to the basic structure of serious negotiations to close a deal.